Consumer Collections In NY: Know Your Debtor

By newAccts,

It is extremely valuable for your business to identify the type of debtor you are working with. Once the customer’s reasons for not paying are identified, the debt can be resolved and you can get paid. Hiring a collection agency is the best way to quickly and efficiently get your money.

Here Are 4 Common Types of Debtors:

1. Willing and Able:

This is obviously the ideal situation. They have the resources to pay their unpaid debts and are willing to pay. This type of debtor usually finds themselves in debt because of some type of error, like lost paperwork. ARS will help get this customer to pay their debt quickly so that it does not hinder your business or their life.

2. Unwilling but Able:

This customer has the resources to pay their debt but for some reason refuses. This may happen if they have a dispute with the balance owed or are unhappy with the product or services. In this case, the Accounts Retrievable team will help negotiate and resolve disputes, leading to payment.

3. Willing but Unable:

This person wants to pay you, but for financial reasons cannot. They acknowledge their debt and even may have made some attempt to pay. For financial reasons, this willing debtor cannot pay the full amount of the debt. In this case, Accounts Retrievable will work out a payment plan, which is most helpful for you and the customer.

4. Unwilling and Unable:

This is obviously the most difficult customer to work with. They refuse to pay and they cannot afford to pay either. In this difficult case, ARS will attempt to resolve the dispute and work out a payment plan.

Call Accounts Retrievable System For More Info at (800) 327-4687

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Judgment Enforcement And Collection

By newAccts,

If your judgment has not been paid you may be realizing that the courts do not enforce that judgment. The responsibility lies with you, the judgment creditor, and you have the legal right to enforce the judgment with certain procedures. Unfortunately, most people have no idea where they need to start in order to follow through with judgment enforcement and collection. This is where Accounts Retrievable comes in! As the judgment creditor, you have the legal right to assign a third party such as ARS to carry out the procedures that satisfy judgment enforcement and collection.

The methods we use to enforce and collect your judgments are:

–  Garnishment of debtor’s bank and brokerage accounts

–  Garnishment of wages

–  Levy and execution of personal property including automobiles, boats, and equipment

–  Levy and execution on real estate and business assets

We satisfy retail collections, child support collections, commercial collections, consumer collections, alimony collections, and judgment collections nationwide and internationally. Our experienced team of professionals receive claims from wholesalers, retailers, law firms, banks, mail order companies, and many more. We receive the claims from all over the United States against debtors across the country. We utilize property records, tax records, DMV records, and other resources in order to recover your money. Our talented skip tracers specialize in finding missing debtors. At ARS we are committed to delivering high quality, speedy results to our customers. If you are struggling with judgment enforcement and collection, contact us today!

Call Accounts Retrievable System For More Info at (800) 327-4687

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